Because it can increase market transparency and regulate the market.

Insurance asset management products shall be issued to qualified investors in a non-public manner.

Insurance asset management products are essentially private placement products and do not need to comply with the rules for listed products.

Therefore, their investment scope is more like a trust plan, which can invest in almost all debt interests.

However, due to the long-term nature of their products, they usually choose long-term assets, such as transportation, energy, water conservancy and other infrastructure projects.

1. Natural persons are included in the scope of investors: Qualified investors refer to natural persons, legal persons or other organizations established in accordance with the law, have corresponding risk identification capabilities and risk-taking capabilities, invest no less than a certain amount in a single product and meet the conditions

natural person, legal person or other organization.

Among them, the natural person should have more than two years of investment experience, and the net household financial assets shall not be less than 3 million yuan, the household financial assets shall not be less than 5 million yuan, or his average annual income in the last three years shall not be less than 400,000 yuan; in accordance with the law

A legal person or other organization established whose net assets at the end of the most recent year are not less than 10 million yuan, or other circumstances that the China Banking Regulatory Commission deems to be qualified investors.

Interpretation: Prior to this, insurance asset management products were only sold to institutional investors.

The "Measures" added that insurance asset management products can be sold to qualified natural persons, and the sales threshold complies with the new asset management regulations and basically meets the requirements of private equity funds for qualified natural persons.

Insurance asset management is also expected to formally include high-net-worth individuals as customer groups for insurance asset management products.

2. It can be sold by financial institutions on a commission basis. Regulations: Insurance asset management institutions can sell insurance asset management products on their own, or they can entrust qualified financial institutions and other institutions recognized by the China Insurance Regulatory Commission to sell insurance asset management products.

Interpretation: Sales channels for insurance asset management products will also expand.

These Measures are intended to comply with the regulations that insurance asset management products can be sold to natural persons.

Previously, insurance asset management products could not be sold on a commission basis at banks.

However, individual investors can only purchase from three types of institutions: insurance asset management institutions, commercial banks, insurance companies, Internet channels and wealth management companies are not within the scope of sales institutions.

3. The investment threshold is 300,000 yuan. The regulations: the amount invested in a single fixed-income product shall not be less than 300,000 yuan; the amount invested in a mixed product shall not be less than 400,000 yuan; the amount invested in a single equity product, a single commodity and financial derivatives

The value of the goods shall not be less than 1 million yuan.

If insurance asset management products invest in non-standardized debt assets, the amount of entrusted funds for a single qualified investor shall not be less than 1 million yuan.

Interpretation: The investment threshold meets the requirements of the securities and futures asset management plan.

These four categories distinguish the nature of the product. The minimum equity investment is 80%. It is stipulated that insurance asset management products are divided into fixed income products, equity products, commodity and financial derivatives and hybrid products according to the nature of investment.